8867 Alcott Street, Los Angeles (City), CA 90035 | MLS 16162294 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
800-660-9140

8867 Alcott Street,  Los Angeles (City) CA, 90035

Status: Active
MLS#: 16162294
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Real Living Pacific Realty
800-660-9140

Listing Provided Courtesy Of: Berkadia
Last Updated: 12/11/2016 12:07 AM
Description for 8867 Alcott Street Los Angeles (City), CA 90035
8867 Alcott Street is a prime development site situated one block south west of the intersection of Pico Robertson. The existing structure is a three-unit apartment building that is currently vacant but in rent-ready condition. Situated on a 7,292.3-square-foot corner lot zoned R3-1-0, the property is a prime development candidate for condominiums or high-end apartments. The current structure is also of high enough quality that it could be worthwhile to move the structure to another vacant lot. Per by-right density of one residential unit per 800 square feet of land, 9 units could be constructed at the property with no incentives. With incentives, upwards of 12 units could be constructed.Our projections are for a developer to construct nine high-end condominiums or apartments averaging 1,600 square feet. The units could either be sold individually for a profit or retained as an apartment building. Buyer to independently verify the ability to develop this property.
Price
$2,350,000
LOS ANGELES
16162294
Active
Description
8867 Alcott Street is a prime development site situated one block south west of the intersection of Pico Robertson. The existing structure is a three-unit apartment building that is currently vacant but in rent-ready condition. Situated on a 7,292.3-square-foot corner lot zoned R3-1-0, the property is a prime development candidate for condominiums or high-end apartments. The current structure is also of high enough quality that it could be worthwhile to move the structure to another vacant lot. Per by-right density of one residential unit per 800 square feet of land, 9 units could be constructed at the property with no incentives. With incentives, upwards of 12 units could be constructed.Our projections are for a developer to construct nine high-end condominiums or apartments averaging 1,600 square feet. The units could either be sold individually for a profit or retained as an apartment building. Buyer to independently verify the ability to develop this property.
Listing Information
Property Type: Land
0.17 Acres
Neighborhood
Room Information
Exterior / Lot Features
SqFt
Driving Directions
Just south-west of the Pico Robertson intersection. Two blocks south of the Beverly Hills border. Just north of the 10 Freeway.
Financial Considerations
4305014014
Listing Price History

Los Angeles (City) Real Estate

Los Angeles (City) is located in California.

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Courtesy: Berkadia cacdar-r
The multiple listings information is provided by The California Desert Association of REALTORS/Desert Area MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are Copyright 2016 The California Desert Association of REALTORS/Desert Area MLS. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Information is deemed reliable but is not guaranteed.

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